Is Sheridan County, WY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Sheridan County has remained a Seller's Market.
Key Takeaway
Sheridan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sheridan County, WY
How much do homes in Sheridan County, WY cost?
Median Sold Price
$430,450
$270/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Sheridan County have sold for 19.6% more than they did a month ago.
Summary: The median home sold price in Sheridan County was $430,450 in May 2024, up 19.6% from last month, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | - | $306K | N/A |
| 3 Bedrooms | $360K | $387.4K | +7.6% |
| 4 Bedrooms | $343K | $579K | +68.8% |
| 5+ Bedrooms | $672.5K | - | N/A |
Summary: Sheridan County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 68.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Sheridan County | $360K | $430.4K | +19.6% |
| Johnson County | $381.5K | $335K | -12.2% |
Housing Supply in Sheridan County, WY
How many homes are available in Sheridan County, WY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Summary: The Sheridan County real estate market had 35 homes for sale in May 2024, a 10.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Sheridan County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Sheridan County in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Sheridan County, WY
How long does it take to sell a home in Sheridan County, WY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 Days | 67 Days | -36.9% |
Summary: Homes in Sheridan County had an average of 67 days on market in May 2024, down by 36.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sheridan County has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Sheridan County; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Wyoming MLS. All Rights Reserved.
DISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information. © 2024 MLS.